Business Studies, asked by ashokyadav211979, 3 months ago

at what time the interest must be present in the case of insurance





Answers

Answered by ishuism000
4

Answer:

As a rule of thumb, for property insurance, the insurable interest must exist both at the time of purchase of insurance and at the time of occurrence of loss. For life insurance, the insurable interest must exist at the time of purchasing life insurance.

Explanation:

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